Can the Philippines attain 6.5-8 Percent Growth During 2023-28? An Assessment Based on the Estimation of the Balance-of-Payments-Constrained Growth Rate

• Main Authors: Felipe, Jesus, Albis, Manuel Leonard
• Format: text
• Published: Animo Repository 2024
• Subjects: Balance-of-Payments–constrained growth rate, Philippines, Kalman filter
• Online Access: https://animorepository.dlsu.edu.ph/res_aki/191; https://animorepository.dlsu.edu.ph/context/res_aki/article/1192/viewcontent/DLSU_AKI_Working_Paper_Series_2024_02_090.pdf
• Institution: De La Salle University

We expand the standard balance-of-payments–constrained (BOPC) growth rate model in three directions. First, we take into account the separate contributions of exports in goods, exports in services, overseas remittances, and foreign direct investment (FDI) inflows. Second, we use state-space estimati...